Improving Economic Security Later in Life: Meeting the Credit and Financial Services Needs of Older Persons

This report examines financial products that take advantage of the economic vulnerability of older persons and highlights key features of some alternatives. The report is based on extensive conversations with leading members of the policy and advocacy community, financial services industry, and bank regulatory agencies. The report concludes with recommendations for both bank regulatory and financial institution policy to advance financial products that protect the economic security of older persons.